| Diversity in the Accounting
Profession
|
| A Panel Discussion
|
|
Minorities and women are
underrepresented in the profession, especially at senior
levels, despite ameliorative efforts by the the accounting
profession. The CPA Journal invited an esteemed panel
to discuss why--and to point to the benefits of
correcting the imbalance. Some of the panelists have
encountered a glass ceiling in their own careers and
survived to tell about it. (Article)
|
| Three
Generations of
Comptrollers General
|
| By James L. Craig, Jr.
|
|
As head of the U.S. General
Accounting Office, the comptroller wields a great deal of
influence over the accounting profession for the last 33 years,
representing the collective tenure of the three living
comptrollers general, have seen major events affect the
accounting profession: the yellow book standards, the Single
Audit Act of 1984, and the audit of the government-wide
financial statements. For this third installment in The
CPA Journal Millennium Series, the CGs contributed their
insights on the relationship between the GAO and the
accounting profession. (Article)
|
| Managing
Environmental Justice
Risks
|
|
By Roy Whitehead,
Jr.,
and Richard O. Merritt
|
|
The idea of environmental
justice has been expanded by the President, the EPA, and the
courtsto cover not only blatant discrimination, but also
activities that create and unintended disparate impact. A
recent court case greatly expands the cause of action
available to thrid-party complainants. Business advisors
should take note of the potential implications on siting
decisions. (Article)
|
The Evolving
Role of
Corporate Audit Committees:
Implications of Recent
SEC Actions
|
|
By Daniel P. Mahoney
|
|
The Blue Ribbon Committee,
called for by SEC Chair Arthur Levitt and and charged with
examining the role of the corporate audit committee in
improving the quality of financial reporting, has
released its findings. Its 10 recommendations stress the
importance of the audit committee's independence, visibility,
and involvement. (Article)
|
| Twenty Questions on Selection
of a Legal Entity
|
|
By Peter
A. Karl, III
|
|
The author presents a
comprehensive guide to entity selection in a
question-and-answer format. No one entity is right for every
occasion, but the numerous strengths of the of the limited
liability company are making it the preferred choice for
professionals. (Article)
|
| The Foreign Earned Income
Exclusion: An Update
|
|
By Joseph R. Oliver
|
|
In an increasingly global
workplace, taxpayers must be aware of the possible
consequences of overseas employment in order to elect the best
tax treatment. The author reviews the options available under
IRC section 911 and the requirements for claiming the foreign
earned income exclusion. (Article)
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